Post by
ztransforms173 on Nov 14, 2023 11:38am
CC: 'Expect' 3 LARGE PIPE Shareholders To TURN 15M SCR Stock
- the THREE LARGE Pipestone Energy shareholders own and control about 7% of the SCR shares outstanding {~ 15 million SCR shares}
- they have been LABELED as LIKELY SELLING SHAREHOLDERS in the NEAR FUTURE which will make the SCR stock VOLATILE
- SCR is "ON TRACK" to REPAY the Term Credit Facility by 2/29/2024
z173
Comment by
ztransforms173 on Nov 14, 2023 4:01pm
- EN is a NO GO at SCR * NO LIQUIDITY to MOVE OUT BUT VERT EASY to MOVE IN (deal BLOCKS with the 3 LARGE PIPE shareholders) - DON'T 'SEE' him as the TYPE to HOLD ON for GREATER than 24 months {MINIMUM TIME REQUIRED TO CAPTURE VALUE assuming GOOD WTI, WCS and NG prices and SUBSTANTIAL PAYDOWN of DEBT} z173
Comment by
askQuestions1 on Nov 14, 2023 4:08pm
More then 50% of the Pipestone shareholders voted for the merger. Those people probably are longer term holders. The 50% who voted against the merger are probably the ones that feel betrayed and want to move on to another Natural Gas stock. So i would put that 15 million at closer to 5 to 7 million
Comment by
filefish on Nov 14, 2023 4:11pm
(Ref Nuttall) DON'T 'SEE' him as the TYPE to HOLD ON for GREATER than 24 months . Well, he has held on to ATH for more than 24 months !
Comment by
cmsmelbch on Nov 14, 2023 4:12pm
Even more concerning, the answer to a question about the float whereby he expects the Pipestone shareholders to rotate out and the new investors rotate in. Wow. So much for the BS about this being a value proposition for pipe holders.